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So you will get value for only one link.Same ip link counted as one link. So it is same weather you are getting one link or 100 links.
And search engine may understand that you have done link exchnage and this is bad in the eyes of search engine.
So if it is for free then also you should not take more that one link. Maximum two is ok but more than that I will say not a good idea.
I hope this information will help you. God bless you.
Let's say all the inbound links are to the homepage, but your link is on a subpage. Not so nice no matter what the PR is.
Let's say the site has ten sponsors, each with a link on every page. Now we are sharing one really good site with 10 other people. Going down hill.
Now the site is putting unqiue links on each page, and they end up having 500 outbound links. We are getting to the bottom now.
All this without mentioning related content.
Let's say most of PR of site is provided by only a few sites. Now we are reaching the bottom.